Retail chain operator Sears
Holding Corp. announced it will close around 120 stores and alerted of harsh
drop in earnings measure. After the announcement shares of Sears Holding Corp.
plunged 17.67% to $37.75 per share. Company plans to generate cash of $140
million to $170 million from sales of locations and inventory. Sears currently
operates about 4000 stores in the US and Canada.